Firm announces bid to repurchase up to $85 million of its shares
CIO Marc-André Lewis will become co-head of CI Global Asset Management as of Jan. 1
The firm also saw net outflows of $465 million across its entire asset management segment
The acquisition adds to CI's ultra-high-net-worth business
Toronto-based firm sold 20% stake in U.S. business in May
Proceeds of $1.34-billion deal will pay down debt
Money-market ETFs gained nearly $1.4 billion while technology, commodities and crypto saw redemptions
MacAlpine declined to provide the share of the U.S. business it would spin off
Three fund managers were lauded for the first time since the awards began
Appointments follow the launch of a new division at Raymond James Ltd. and a retirement announcement from CSI